The NGO Save The Children Lebanon has released a statement warning about the collapse of Lebanon’s economy and its direct effect on children living on the Lebanese territory.

The International NGO warned that the ongoing inflation is plummeting the Lebanese pound into historic lows from the beginning of the new year, which will drive more children into poverty while they are also dealing with multiple crises without any sign of relief.

The Lebanese pound, which lost more value, will be driving the poor families into a poorer state.

Most vulnerable families can not afford food, electricity, and fuel anymore because, according to Save The Children, “a tank of fuel for a small car now costs more than a month’s salary on minimum wage.”

Lebanon’s currency has been losing its value since 2019, and more speedily these past few months, reaching alarming lows at more than 90% loss of value. That is leaving countless children in total poverty, to the point that many are eating less than ever in the past two years.

Jennifer Moorehead, Save the Children’s Country Director in Lebanon, indicated that: